Sushil Aggarwal has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Awaiting price reaction for this filing.
Sushil Aggarwal, on behalf of 21 members of the promoter and promoter group of Avro India Limited, has submitted an annual declaration to NSE under SEBI's Takeover Regulations. The declaration states that none of the promoter or promoter group members — including individuals, HUFs, and group companies like Bonita Furniture Pvt Ltd and Bucks Infotainment Pvt Ltd — have created any encumbrance (pledge, lien, or charge) on their shares during the financial year ended March 31, 2025. This is a routine yearly compliance filing required from listed companies. The disclosure confirms the promoters' holdings remain fully unencumbered with no shares pledged against any loans or obligations.
This is a neutral-to-positive filing for shareholders. It is a routine annual compliance requirement and confirms that promoters have not pledged any of their shares, which is generally seen as a sign of financial stability and reduces the risk of forced selling. No direct impact on stock price is expected from this disclosure alone.